Inequality

Definition

Inequality refers to disparities or differences in wealth, income distribution, opportunities, or social status among individuals or groups within a society. It highlights unevenness or unfairness in resource allocation and access to opportunities.

Related terms

Poverty: The state of being extremely poor, lacking basic necessities for survival and well-being.

Wealth Gap: The difference in assets, property, or net worth between the richest and poorest individuals or groups in a society.

Social Mobility: The ability of an individual to move up or down the social ladder based on factors such as education, occupation, and income.